Lot S1909 Liberty Drive, Lara, Geelong VIC

Description

This investment property is located in Lara, Victoria, offering a package price of $1,103,527. Designed for High Physical Support under the SDA Design Standard, the home is compliant with all necessary accessibility and assistive features, making it a tailored solution for participants. The property is situated in a prime growth area in the Geelong region, with easy access to essential amenities and infrastructure. Land registration is expected by March 2025.

Suburb profile:

Lara is a growing suburb in the Geelong region, located approximately 18 kilometers from Geelong city center and 60 kilometers southwest of Melbourne. Known for its family-friendly environment and excellent transport links, Lara provides a balanced lifestyle with access to urban and natural settings. The suburb features schools, shopping centers, and recreational areas, making it a desirable location for both residents and investors.

Site Inclusions:

• Engineer designed slab up to P classification
• Rock excavation allowance
• Termite treatment
• Site fencing and waste management as per council requirements

Preliminary Inclusions:

• Engineer site assessment & survey
• Building permit
• Energy rating report
• Bushfire BAL compliance

Internal Inclusions:

• 2740mm ceiling heights throughout
• 10mm plasterboard to walls & ceilings
• Hybrid timber-look flooring in living areas and bedrooms

External Inclusions:

• Face brickwork and acrylic render to the front facade
• Colorbond fascia and gutters
• Feature front entry door

Landscaping Inclusions:

• Turf to front and rear garden
• Drought-resistant planting in garden beds
• Concrete driveway and path to front porch

Electrical Inclusions:

• LED downlights throughout
• Split system air conditioning to living and bedrooms
• PV system to meet energy requirements

Appliance Inclusions:

• 600mm electric oven and cooktop
• Dishwasher (double drawer)
• Microwave provision

Energy Efficiency:

• Minimum 7-star energy rating
• Heat pump for water heating

Warranties:

• 3-month maintenance period
• 10-year structural warranty

Other Details:

• Designed to comply with SDA standards for High Physical Support
• Fire sprinkler system is an optional extra for $25,000

This property in Lara offers a well-planned investment opportunity, designed for high physical support. With modern design and energy-efficient features, it provides long-term value for investors looking to enter the growing market of specialized disability accommodation.

SDA – Specialist Disability Accommodation – High Physical Support

SDA Accommodation:

An SDA home, which stands for Specialist Disability Accommodation, is a type of housing designed to meet the specific needs of individuals with significant disabilities who require high-level support and specialised accommodation. SDA aims to provide suitable housing options for participants with complex support needs.

High Physical Support Housing:

High physical support housing includes a high level of physical access for people who need very high levels of support. For example, you may need a ceiling hoist, backup power supply, or home automation and communication technology.

Benefits for Participants:

Improved Quality of Life: SDA homes are tailored to provide accessible and inclusive living environments, promoting independence, comfort, and safety for participants.

Benefits of SDA:

Cost Effectiveness: SDA aims to reduce the overall cost of disability support by providing suitable housing options. Offering appropriate accommodation can help prevent or minimise the need for more expensive, institutionalised care settings.

Benefits for the Community:

Inclusion and Accessibility: SDA homes create inclusive communities by providing accessible housing options for individuals with disabilities. This promotes social integration and enables participants to participate more fully in community life.

Benefits for Property Investors:

1. Sustainable Financial Returns: Investing in SDA homes can provide property investors with stable, long-term rental income due to the ongoing demand for specialised accommodation for individuals with disabilities.
2. Secure Tenancy: SDA homes often come with secure, long-term tenancy agreements, providing property investors greater stability and reduced vacancy rates.
3. Ethical and Social Impact: Investing in SDA homes allows property investors to make a positive social impact by supporting individuals with disabilities and creating inclusive communities.
4. Government Support: SDA provides financial incentives for property investors who choose to invest in SDA homes, offering potential financial benefits and enhancing the viability of such investments.

Overall, investing in SDA homes can offer property investors a combination of financial stability, social impact, and government support, making it an attractive investment option.

The rental income of this 3+1 SDA property has been quoted with two participants only, reflecting the realistic earning potential for this property.